Eastern Bank Boosts Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Eastern Bank increased its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 129,008 shares of the company’s stock after buying an additional 8,566 shares during the quarter. iShares Core S&P 500 ETF makes up about 1.4% of Eastern Bank’s portfolio, making the stock its 15th largest position. Eastern Bank’s holdings in iShares Core S&P 500 ETF were worth $75,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC purchased a new position in iShares Core S&P 500 ETF during the 4th quarter valued at about $32,000. Safe Harbor Fiduciary LLC bought a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at approximately $33,000. Cedar Wealth Management LLC grew its stake in iShares Core S&P 500 ETF by 139.3% during the third quarter. Cedar Wealth Management LLC now owns 67 shares of the company’s stock valued at $39,000 after acquiring an additional 39 shares in the last quarter. Kennebec Savings Bank bought a new stake in iShares Core S&P 500 ETF during the 3rd quarter worth approximately $40,000. Finally, Brooklyn Investment Group purchased a new stake in iShares Core S&P 500 ETF in the 3rd quarter worth approximately $42,000.

iShares Core S&P 500 ETF Price Performance

IVV opened at $584.18 on Tuesday. The firm has a market capitalization of $504.09 billion, a P/E ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a one year low of $472.11 and a one year high of $612.09. The company has a fifty day moving average price of $598.24 and a 200-day moving average price of $575.02.

About iShares Core S&P 500 ETF

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market.